Basel II Accord
Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II, which was initially published in June 2004, is to create an international standard that banking regulators can use when creating regulations about how much capital…
Bank Secrecy Act of 1970
The Bank Secrecy Act of 1970 requires financial institutions in the United States to assist U.S. government agencies to detect and prevent money laundering. Specifically, the act requires financial institutions to keep records of cash purchases of negotiable instruments, and file reports of cash purchases of these negotiable instruments of $3,000 or more (daily aggregate…
Alternative Investment Fund Managers Directive
The Alternative Investment Fund Managers Directive 2009/0064/COM is a law that affects hedge funds and private equity funds. The European Parliament adopted the law on November 11, 2010. The European Union law will make EU the regulatory body of hedge funds and private equity funds and include the following reforms: EU investors would not be…
17 CFR 1.31 — General Regulations Under the Commodity Exchange Act
Sections 1.31-1.39 of the Commodities Exchange Act impose recordkeeping requirements on the trading of commodity futures in the United States. Link to Regulation: https://www.ecfr.gov/cgi-bin/text-idx?SID=bd2d99439178a82be0d5e8f9f1083035&mc=true&node=sg17.1.1_130.sg4&rgn=div7 Helpful Link: http://www.cftc.gov/LawRegulation/CommodityExchangeAct/index.htm
Smarsh Named to Inc. 5000 for Sixth Consecutive Year
PORTLAND, ORE., August 20, 2013 – Smarsh ®, the leading provider of hosted archiving and compliance solutions for email and electronic communications, has been named to Inc. magazine’s annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. 2013 marks the sixth consecutive year Smarsh has been ranked on the Inc. 5000 list, which…
Ten Most Commonly Flagged Corporate Fraud Terms In Email
Have you ever wondered what phrases and words turn up the most in email conversations that involve corporate fraud? According to the FBI, the most common are: Cover up Write off Illegal Failed investment Nobody will find out Gray area They owe it to me Do not volunteer information Not ethical Off the books This…
Importance of Archiving Amid SEC Social Media Guidance
In late April 2013, the SEC issued guidance on the use of social media for disclosure of company information to investors, prompted by an investigation of Netflix CEO Reed Hastings after he posted information about a business milestone on his Facebook account. While the SEC exonerated Hastings of any wrongdoing and cleared Netflix to share information…
Get Ready for FINRA Social Media Communications ‘Spot Checks’
Last week, FINRA announced it has started to perform ‘spot checks’ of social media communications, including posts on Twitter, Facebook, LinkedIn and blogs, for some of its member firms. The new social media spot check comes as no surprise. It’s been over three years since FINRA started talking to regulated firms about social media with its first official…
Smarsh Web Archiving Saves Trees, Time and Sanity
The manual processes used today to capture, produce and supervise Web content are inefficient, tedious and ripe for automation. Stop the insanity. We recently took a poll to find out how financial firms were fulfilling their recordkeeping and supervision requirements when it comes to Web content. Turns out that over half of respondents spend time printing…
Six Considerations for Selecting a Hosted Email Archiving Solution
An email and electronic message archiving solution is a critical component of a comprehensive electronic recordkeeping program. Your service or system should provide reliable and secure storage, efficiency in review and peace of mind when you need to find and produce data in a pinch. With an increasing number of hosted email archiving solutions, it is…
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